Funds managed by CVC’s infrastructure arm has sold the Cerro Grande and Peralta wind farm projects in Uruguay to energy firm Pluspetrol.
DIF Infrastructure V (DIF V) and DIF Infrastructure VI (DIF VI) have completed the sale of the 169MW wind farm projects for an undisclosed amount.
Cerro Grande, a 52MW operational wind farm, was acquired by DIF V in 2019, while Peralta, a 118MW operational wind farm, was acquired by DIF VI in 2021.
CVC DIF said the portfolio represents the second-largest private portfolio in Uruguay for renewable assets.
Andrew Freeman, partner and head of exits at CVC DIF, said: “We are excited to announce our first divestments in Latin America, marking a significant achievement for DIF V and DIF VI. These successful exits highlight the impact our proactive value creation approach can deliver.
“CVC DIF continues to deliver superior returns for its investors whilst financing the energy transition. We remain committed to identifying and capitalising on opportunities that drive both financial performance and sustainable growth.”
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